KUALA LUMPUR (March 29) : Selangor PROPERTIES [] Bhd’s net profit fell 89% to RM552,000 in the first quarter ended Jan 31, 2012 from RM5.06 million a year earlier due to currency translation losses.
In a statement to the exchange on Thursday, Selangor Properties said revenue was, however, up 11% to RM52.15 million against RM46.81 million previously.
“The group is cautiously positive in FY2012,” Selangor Properties said.
Currency translation losses had dragged its investment holding and Australian operations into the red during the quarter in review, according to the company.
In a statement to the exchange on Thursday, Selangor Properties said revenue was, however, up 11% to RM52.15 million against RM46.81 million previously.
“The group is cautiously positive in FY2012,” Selangor Properties said.
Currency translation losses had dragged its investment holding and Australian operations into the red during the quarter in review, according to the company.
